Hardwick M Susan 4

Accession 0000356309-26-000017

CIK 0000356309other

Filed

Jan 22, 7:00 PM ET

Accepted

Jan 23, 2:42 PM ET

Size

9.6 KB

Accession

0000356309-26-000017

AI-generated summary of this filing

Updated Jan 23, 2026

NJR Director Susan Hardwick Exercises Options, Receives RSU Award

What Happened

Susan M. Hardwick, a director of New Jersey Resources Corp. (NJR), completed multiple equity transactions on January 21, 2026. She exercised/convered derivatives to acquire 2,938 common shares at $47.97 per share (total cost $140,936). On the same date she was granted 3,022.723 RSUs (restricted stock units) and 2,824.859 derivative shares were reported as converted and disposed.
The RSU grant is an annual non-employee director retainer (each RSU is a contingent right to one share plus dividend equivalents). A separate set of RSUs granted on January 21, 2025 vested 100% and were converted one-for-one into shares (as reflected in the filing).

Key Details

Transaction date: January 21, 2026; filing date: January 23, 2026 (timely filing).
Exercised/conversion (acquired): 2,938 shares at $47.97 each — total $140,936.
Grant/award (acquired): 3,022.723 RSUs at $0.00 (RSU award / contingent shares).
Conversion/disposition: 2,824.859 shares reported as converted and disposed (filing does not specify reason for disposition).
Footnotes: RSUs include 112.968 dividend equivalents plus a fractional share rounding (F1); RSU award is annual director retainer and vests per plan terms (F2–F5).
Shares owned after these transactions: not specified in the excerpt of the filing.

Context

The exercised/options transaction (code M) resulted in an acquisition of shares by paying the exercise price ($47.97). The RSU entries (code A) are awards that convert into shares according to the vesting schedule; one previously granted RSU award (Jan 21, 2025) vested and converted into shares.
The filing shows converted shares were disposed but does not state whether that was to cover taxes, a sale, or another reason — the form does not provide a disposition explanation here.

Form 4

Period: 2026-01-21

Director

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-01-21$47.97/sh+2,938$140,936→ 17,440 total
Award
Restricted Stock Units
[F2][F3]
2026-01-21+3,022.723→ 3,022.723 total
→ Common Stock (3,022.723 underlying)
Exercise/Conversion
Restricted Stock Units
[F4][F5]
2026-01-21−2,824.859→ 0 total
→ Common Stock (2,824.859 underlying)

Footnotes (5)

[F1]Total includes 112.968 dividend equivalents accrued on Restricted Stock Units ("RSUs") plus a fractional share for rounding to the next whole share.
[F2]Represents the annual RSU retainer pursuant to the Non-Employee Director Compensation Plan, as amended. Each RSU represents a contingent right to receive one share of New Jersey Resources Corporation ("NJR") common stock plus dividend equivalents.
[F3]The RSU award will vest in full on the earlier of (i) the first anniversary of the date of grant, or (ii) the date of the next NJR Annual Meeting of Shareowners.
[F4]Each RSU represents a contingent right to receive one share of NJR common stock plus dividend equivalents.
[F5]Represents 100 percent vesting of RSUs granted on January 21, 2025, pursuant to the Non-Employee Director Compensation Plan, as amended. RSUs converted one for one into shares of NJR common stock.

Signature

/s/ Tejal K. Mehta, as attorney-in-fact for M. Susan Hardwick|2026-01-23

1 file

NEW JERSEY RESOURCES CORP

CIK 0000356309

Entity typeother